Raising capital and attracting suitable investors is often
one of the key determinants of the success of a fund of funds.
Firms will set up their sales, marketing and investor relations
efforts in different ways, usually according to size, even if
these three functions are separate. Despite this, there are
standards that should always be maintained - FoHF products must
not be misleadingly solicited and all clients must be treated
Providing accurate and timely reports is an important aspect
of any portfolio manager's fiduciary obligation to its clients.
The portfolio manager should accurately collate both
quantitative and qualitative information from its underlying
hedge fund managers to reflect what has happened in the
portfolio and combine this with more general market views and a
view of the outlook for the various hedge fund strategies. Most
hedge funds and FoHFs report their NAVs on a monthly basis.
This corresponds with the month-end...